The Elite Social Networking Sites

Aug 27

The Elite Social Networking Sites

Way Too Good for Facebook or MySpace?: I knew it was going to come to this at some point — social networking sites are getting more exclusive. This article profiles aSmallWorld which is the apparent king of the elite social networking sites.

Membership in these networks, not unlike the exclusive country clubs where the rich and powerful hobnob, is carefully guarded. At aSW, only a subset of established members have the power to invite new users to join. In developing the site, founder Erik Wachtmeister rejected the prevailing Web 2.0 business model of attracting large audiences so you can sell ads to big brands. Instead, he confines membership to the relatively small group of people who travel in the same elite, often moneyed, social circles. “One’s network on the site is less useful if it is diluted by people you don’t know,” says Wachtmeister. His goal was “to create a private place where people could be much more forthcoming with information.”

Two points here:

  1. Chris Pirillo sort of did the same thing. Sometime back he had a mailing list for entrepreneurs (it may still exist, I have no idea). I don’t remember what the joining fee was, but it was pretty steep. The idea is that the cost weeded out everyone but those who were very, very serious about doing business online.

    I wasn’t moved enough to join, but the idea was very attractive to me. I was envious of the discussions I assumed would take place inside. (For more on this general concept, see “Do we put more intellectual value on information we pay for?” and “The Quality of Free Discourse”).

  2. Someone else — and I can’t remember who — said he thought it was almost dishonest to accept connections (“friends,” whatever) from just anyone. He was kind of a big shot, I remember, and his theory was this: “A lot more people ‘know’ me than I, in fact, know. By being selective and only making connections with people I do, in fact, know, I’m keeping the system honest.”

    I can’t disagree with that logic. I get LinkedIn requests from people I don’t know, or people with whom I’ve had one email conversation. The thing I always keep in mind is that with LinkedIn, they can ask me to introduce them to someone I know. Am I comfortable doing that? If I’m not, then I usually don’t accept the connection.

    The bottom line is this: of what value is a “connection” if there’s really no “force of relationship” behind it?

Elitist or not, you can’t deny that for some billionaire, there’s a lot more value in aSmallWorld than in, say, Facebook. Much like there’s more value for them to hang out at the country club than at McDonalds. They do business with people like them, so they need to go where people like them are, and the signal-to-noise ratio is high.

Geez, did I just write that? Maybe I’m just trying to kiss up so I can get in…


Comments

by JB,   August 27, 2007 5:06 PM  

It's surprising that their site does not appear to use SSL (https). Lame and not very secure.


by Peter Harkins,   August 27, 2007 5:55 PM  

I'd like to see an elitist web dev forum. Somewhere to talk without being interrupted every four posts by someone asking why their strings print backslashes in front of every quote mark.


by BlackandWhite,   May 31, 2008 11:02 AM  

Asw is done...The true elite now are choosing sites like chrome nyc, ELIXIO or diamond lounge..where membership is almost impossible..


by Steve GJ,   July 3, 2008 5:44 AM  

Asmall world is great, but it has become somewhat of a jetsetter place of superficial people...

Real business people are turning lately to sites like Harvey's Network and Diamond Lounge


by Kamran,   July 30, 2008 1:14 AM  

These sites sound interesting, but why join those when there is Monaco Motion. It provides so many features for just one ten dollar application fee. It is a globally oriented site with amazing networking capabilities from blogging, forums, social groups, profiles and even games. There is really nothing quite like it.


by Champion1,   August 12, 2008 12:59 PM  

Yeah I've also heard a lot about Monaco Motion! I think it's going to be the next Big Thing in social networking sites!!


by Deane,   August 12, 2008 1:06 PM  

why join those when there is Monaco Motion.

Yeah!! I’ve heard a lot about Monaco Motion!

You guy are astro-turfing. Knock it off. You posted your link, that's enough.


by Baller,   August 12, 2008 1:47 PM  

Dude!! Monaco Motion......legit

I don't know if they will accept me though


by David Driess,   February 1, 2009 9:41 PM  

I'm very partial to Affluence.org because they actually validate people have at least a $3 million net worth before they grant them access. I am always certain I am networking with other millionaires and billionaires which helps in getting business done, pursuing and promoting philanthropic interests, and sharing interests.

I am also a member of ASW, Harvey's Network, and Diamonloung. I think Diamond Lounge is more of a dating site now. aSmallWorld is more for dancers and waitresses. Harvey's Network is too small to matter.


by Josh Seymour,   February 28, 2009 6:54 PM  

I haven't read all the posts, but I have found that some of the "elitist" sites are nothing more than pretentious wannabe's. WhyteGold on the other hand boasts billionaires, royalty and policy makers. Now if that is not elitist then I don't know what is.


by sam,   June 3, 2009 11:12 AM  

Think www.qubers.com is the best one so far....


by Anonymous,   June 30, 2009 6:27 PM  

Everyone and their dog is trying to start a social networking site...and you end up connecting to the same people on all of them.

I think the original members believe the sites get too big and try to invite their original group to a new site with less features, failing to capture the spirit or traction of the initial concept while under-serving their demanding audience.

I've seen people plugging different spin-off's here, and I hate to play the game. But, the only innovative concept/model I've seen is the Fame Game, where members have to have been recognized in the media and claim their profile while the system documents their media hits and connects them to others sharing their spotlight.

I'm an entrepreneur with zero interest in this market space directly, but at least do something unique if you want to capture this crowd.


by Graith John,   July 5, 2009 11:24 PM  

“A lot more people ‘know’ me than I, in fact, know. By being selective and only making connections with people I do, in fact, know, I’m keeping the system honest.”

Good all...



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